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    Stock Radar: 20% fall from highs! How to play this FMCG bet now

    The stock is holding above this crucial long-term moving average of 200-EMA on the weekly charts, a positive sign for the bulls and any decline can be bought into for a target of Rs 565-585 with a time horizon of 1 month, suggest experts.

    Synopsis

    Dabur India fell from Rs 658.75 on the BSE recorded on 24 September 2021 to Rs 518.75 on 31 May 2022, which translates into a downside of over 21 per cent.

    Dabur India Ltd, part of the FMCG sector, has fallen more than 20 per cent from its recent 52-week high, placing the stock in bear territory, but technical indicators point towards a technical bounce back, which makes it a good ‘buy on dips’ stock.Dabur India Ltd fell from Rs 658.75 on the BSE recorded on 24 September 2021 to Rs 518.75 on 31 May 2022, which translates into a downside of over 21 per cent.After hitting a high in September, the
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    The Economic Times